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1000 Yuan Central Bank of China

Issuer Central Bank of China
Year 1944
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Value 1000 Yuan
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Obverse description Portrait vignette of Sun Yat-sen at left, facing three-quarters right, set within a dark border panel. A large multicolour guilloche rosette in orange, yellow, blue, and green occupies the centre field, with the denomination in Chinese characters superimposed over it. A vignette of the Victory Gate (Zhengyangmen) in Beijing appears at right within a framed panel. Two red seal stamps are printed in the lower centre area, and serial numbers appear in red above the central guilloche. The date inscription is set in a cartouche along the bottom centre.
Obverse lettering 中央銀行
壹仟圓
中華民國三十三年印
(Translation: Central Bank of China / One Thousand Yuan / Printed in the 33rd year of the Republic of China)
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Comments

The Central Bank of China's 1944 high-denomination issues came at a moment when wartime inflation was already badly eroding public confidence in fiat currency. By 1944, the Nationalist government's money supply had expanded so dramatically to fund military operations against Japan that a 1000 Yuan note, which would have been a substantial sum a decade earlier, was losing purchasing power faster than it could circulate.

The Central Trust of China Printing Works produced this note domestically — a logistical achievement in itself, given that earlier Republican-era notes had frequently relied on foreign security printers. By the mid-1940s, that dependence had become impossible to sustain.

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